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20121227
20121227
Search Results 0 to 5 of about 6 (some duplicates have been removed)
. they seem desperate to do that. plenty of liberals say, go over the cliff. big cuts in the pentagon and big tax hikes. the white house, from all indications that i've seen, they don't want that to happen. they are scared of what could happen to the markets. >> why aren't they dalg dealing with boehner? dana, be go ahead. jumpb in here. >> i think they won their negotiating power once boehner last week failed. as dana pushed out, the only thing that can get boehner is to do something. >> reporter: i think that you're right when i said that democrats don't think that the president will have much political damage. that does seem to be coming more from democrats here in congress than in the white house. democrats here in congress feel that it's a win-win for them politically. the one thing i will tell you very quickly, the pushback on this narrative that i heard from senate republican leader in the hallway. he said, do you remember who the speaker was during the hoover administration? i said, no. he said, that's my point. nobody will remember who the speaker was if ge into a recession but it's
part of some last-second deal. hit the defense department. but the pentagon's real problem is not those cuts, but the ones that are going to be coming over the next decade. we talked to military contractors, top officials at the pentagon. they see a long period of downward decline. that after the war in afghanistan, there's going to be a period of austerity. they're calling it -- they have a term around the pentagon, a very graphic self-amputation as they cut back over the years. and this was one of the reasons that president obama had, at the top of his short list, the former republican senator, still a republican, chuck hagel of nebraska. he's somebody who's talked about the pentagon as being bloated, had very specific ideas about how to cut it. but mike, sam, the table, we're hearing that that trial balloon has been popped. that senator hagel has a possibility for secretary of defense, has really lost a lot of altitude. and what they discovered was, there's not a natural constituency for him. republicans, as you guys know, have fought with him over the years. he was against the war i
'm an employee of the pentagon or some place which there are tens of thousands of employees, is there any possibility that any deal that that come up with is going to disproportionately affect a department like that or does that happen across the board? >> well, everything as it is right now is determined by the -- a law that was passed in 2011, the budget control act. that's what set in motion this trigger for sequestration. in that law, roughly half was supposed to go to the department of defense and half in nondefense agencies. but given that, they will be -- that's one of the things that there's uncertainty among federal employees also, because we don't know yet how much discretion agencies will have and how they implement their cuts. and, again, a lot of focus is on sequestration, those automatic cuts. but that law also put in place spending caps that will affect cuts that are even larger than the sequestration cuts. so cuts are definitely coming. that's not even a question. >> ifill: it's not debatable. >> it's just how large they will be and who will be impacted by those cuts. and
Search Results 0 to 5 of about 6 (some duplicates have been removed)

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